Amprop has formed a 50:50 joint venture with UK based Clan Kilmuir to acquire a leasehold property, Kilmuir House, located on Ebury Street, in the heart of Belgravia, London, for a cash consideration of GBP45 million.

Kilmuir House enjoys good transportation link via London’s Victoria Station and Sloane Square Underground Station, making it easily accessible within and out of the heart of London.

The established shopping area, Knightsbridge, which houses the likes of international brands such as Harrods and Zara, along with an array of restaurants, are also in close proximity with Kilmuir House.

This 0.44-acre project is surrounded by prestigious residential neighborhood such as Sloane Square, Chelsea Barracks and Ebury Square, a successful prime residential development completed in 2014 with sales in excess of GBP3,000 per sq ft. Amprop is confident that Kilmuir House will contribute positively towards the future earnings and growth of the Group.